Magna International Files Underwriting Agreement

TL;DR

Magna inked a deal with underwriters on May 13th, likely for a big money move.

AI Summary

Magna International Inc. filed a Form 6-K on May 14, 2025, reporting an Underwriting Agreement dated May 13, 2025, with several underwriters, including BNP Paribas. This filing indicates a significant financial transaction, likely related to the issuance or sale of securities.

Why It Matters

This filing signals a potential capital raise or debt issuance by Magna International, which could impact its financial structure and future investments.

Risk Assessment

Risk Level: medium — Underwriting agreements can involve significant financial commitments and market risks for the company.

Key Players & Entities

• MAGNA INTERNATIONAL INC. (company) — Registrant
• May 14, 2025 (date) — Filing date
• May 13, 2025 (date) — Underwriting Agreement date
• BNP Paribas (company) — Underwriter
• Bassem A. Shakeel (person) — Vice-President, Associate General Counsel and Corporate Secretary

FAQ

From the Filing

0001193125-25-119958.txt : 20250514 0001193125-25-119958.hdr.sgml : 20250514 20250514172804 ACCESSION NUMBER: 0001193125-25-119958 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20250514 FILED AS OF DATE: 20250514 DATE AS OF CHANGE: 20250514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGNA INTERNATIONAL INC CENTRAL INDEX KEY: 0000749098 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11444 FILM NUMBER: 25947267 BUSINESS ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 BUSINESS PHONE: 9057262462 MAIL ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 6-K 1 d909473d6k.htm 6-K 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of May 2025 Commission File Number: 001-11444 MAGNA INTERNATIONAL INC. (Exact Name of Registrant as specified in its Charter) 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  ☐     Form 40-F  ☒ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MAGNA INTERNATIONAL INC. (Registrant) Date: May 14, 2025 By: /s/ “Bassem Shakeel” Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99.1 Underwriting Agreement, dated May 13, 2025, among the Registrant and several underwriters, BNP PARIBAS, Citigroup Global Markets Limited, Merrill Lynch International, Commerzbank Aktiengesellschaft, ING Bank N.V., Scotiabank (Ireland) Designated Activity Company, HSBC Bank plc, RBC Europe Limited, The Toronto-Dominion Bank, Loop Capital Markets LLC, ICBC Standard Bank plc, J.P. Morgan Securities plc, Raiffeisen Bank International AG, Wells Fargo Securities International Limited, Canadian Imperial Bank of Commerce, London Branch and Goldman Sachs & Co. LLC. Exhibit 99.2 Underwriting Agreement, dated May 13, 2025, among the Registrant and BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein. Exhibit 99.3 Press Release issued May 14, 2025, in which the Registrant announced senior notes offerings. EX-99.1 2 d909473dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Execution Version Magna International Inc. €575,000,000 3.625% Senior Notes due 2031 Underwriting Agreement New York, New York May 13, 2025 To the several Underwriters named in Schedule II hereto Ladies and Gentlemen: Magna International Inc., a corporation organized under the laws of Ontario (the “ Company ”), proposes to sell to the several underwriters named in Schedule II hereto (the “ Underwriters ”), for whom BNP PARIBAS, Citigroup Global Markets Limited and Merrill Lynch International are acting as representatives (the “ Representatives ”), the principal amount of its securities identified in Schedule I hereto (the “ Securities ”), to be issued under an indenture (the “ Base Indenture ”) dated as of June 16, 2014, between the Company and The Bank of New York Mellon, as trustee (the “ Trustee ”), as supplemented by the ninth supplemental indenture (the “ Supplemental Indenture ” and the Base Indenture as supplemented by the Supplemental Indenture, the “ Indenture ”) to be dated as of the Closing Date (as defined below), between the C